The Turkish people suffer from the problems caused by Erdogan and he is the reason for the collapse of the Turkish lira and the Turkish economy, which has become almost non-existent due to Erdogan's persistent problems.
The Turkish lira hit a fresh all-time low on May 28, dropping to 8.62 versus the dollar as the economic and political upheaval facing the Erdogan administration mounted.
Two factors weighing on the embattled currency were President Recep Tayyip Erdogan’s decision this week to replace another deputy governor at the central bank with a former adviser, which threatens to further undermine the regulator’s battered credibility, and heightened political uncertainty, with the news in Turkey dominated by allegations from Sedat Peker, a criminal gang leader, on links between ruling politicians and organised crime.
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